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Mad rush for Moa IPO

Mad rush for Moa IPO
Love it or hate it, Moa Beer's IPO (complete with controversial investor prospectus) has been met with overwhelming demand and closed off a week early.

Love it or hate it, Moa Beer's IPO (complete with controversial investor prospectus) has been met with overwhelming demand and closed off a week early.

Moa raised $15 million from institutional investors and clients of NZX companies, plus an extra $1 million from the public at a $1.25 each.

Investors who didn't pre-register missed out, according to Moa.

Company chief executive Geoff Ross said: "Unfortunately we simply can't satisfy all applications, but do hope these people will join post listing and continue to enjoy the Moa range of beers."